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Wednesday, January 18, 2012

2114 Staples Avenue - Bank Owned - Key West

2114 Staples Avenue - Bank Owned - Key West

Attention Bargain Hunters! Get ready to write an offer and be quick about it because the new Bank Owned three bedroom home with a pool located at 2114 Staples Avenue in the Mid Town area of Key West is priced to sell quickly. The previous owner purchased this house in 2005 and paid $675,000. It is now offered as a Bank Owned property at $299,900. That is less than half what the prior owner paid, but it is still the same house in the same location. Other than some cobwebs and some dead foliage in the front yard, the house looks in remarkably good condition from what I was able to observe. I went over to take photos about an hour or so after the property went in the mls. Other Realtors and potential buyers were there before I arrived and after I left. This property will sell quickly, Dear Readers.

The listing Realtor describes this new listing thus:
"Great Property, Great Value. This 2 level home has two private entrances. The main level is 1,141 sq feet and consists of 3 bedrooms and 1 bath. The accessory unit is located on the 2nd level with 980 sq feet and consists of 1 bedroom and 1 bath. (The entire property is 2,121 square feet with 4 beds and 2 baths). The home is located in the center of town and is blocks away from shopping and schools. The backyard has a covered patio, swimming pool, tropical landscaping with a fence for privacy."

The house sits behind a nice privacy fence with a gated driveway and covered parking located on the right. The front yard has been neglected and needs attention. The house is built of poured concrete construction. The floors on the main level are terrazzo which are in good condition. They need a deep cleaning and should be resealed. Many of the ground floor windows have been replaced, but a few jalousie windows still exist and need to go. The living room is in the center of the house. The updated kitchen is at the right rear and the dining room is to the right of the living room. The master and second bedroom are on the left side and a third bedroom is located at the right front. The main floor has only one bathroom.

Living room

Kitchen has been updated - view of pool

One of Three Main Floor Bedrooms

The house is pretty typical so far. Nothing fancy, nothing really bad that I could see. Then I opened the rear door and voila: a really nice pool and a fairly good sized back yard. I thought this is a lot of house for just $299,900. But there is more.

This is what living in Key West is all about - especially in the Winter!


A massive stairway provides access to the living space the listing agent charitably calls an "accessory unit". Sometimes spaces like this are referred to as guest quarters or as a mother-in-law apartment. In Key West mother in laws pay to live in those spaces. The living space is very large and includes a sizable living room, good sized kitchen, a full bath and a decent sized bedroom. The layout is odd but that could be fixed. The floor in th e living room and kitchen is oak. The bathroom has a tiled floor.

The "Accessory Unit" isn't bad but could be a lot better

The house has a total of 2121 sq ft (according to the Monroe County Property Appraiser's records) [which may not account for some construction that I think may have occurred while city officials were asleep one day]. The lot is 50' x 100' (5,000 sq ft). The back of the lot abuts a City of Key West right of way (akin to an alley in most places except cars and vehicles do not use the space. It is a nice feature that separates the neighbors. CLICK HERE to view a Slide Show of photos I took.

I did notice a problem in the carport roof: the roof is failing. I don't do construction but I can identify a big hole in a roof any day. Otherwise, this place looks like you could move in and start redecorating. I would replace the ugly jalousie doors at either end of the living room and maybe open the kitchen into the dining area so that the spaces flow together.

This place will not last the week. Act quickly if you would like to see 2114 Staples Avenue. Please contact me, Gary Thomas, 305-766-2642. I am a buyers agent and a full time Realtor at Preferred Properties Coastal Realty, Inc. in Key West.

1 comment:

Anonymous said...

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Key West, Florida, United States
I first read about Key West in a magazine called "After Dark" sometime in the mid 1970's. But it wasn't until March 1984 that I made my first visit to the island that would become my home. I had two weeks for a vacation and reserved a room at Colours Guesthouse (now Marrero's Guest House) for one week. I thought that if I didn't like Key West, I could always go back to Miami or Ft. Lauderdale for the rest of my trip. But after a couple of days in Key West, that was no longer a consideration. But when I wanted to extend my stay for the extra week I found there was no room at the inn. The guesthouse owner did find me a room at LaTeDa, the infamous guesthouse/restaurant. That's a story I'll write another day. But those two weeks in Key West gave me the realization that I had found Paradise. Key West has been my home since 1993 and my only regret is that it took me so long to get here. I am a full time Realtor at Preferred Properties CRI. Let me help you find your new home or business in Paradise. Living in Paradise is not a slogan, it's a way of life.